Xiongan New Area to bridge growth disparities: Official

Updated 2017-04-06 16:00:43 Xinhua

Xiongan New Area, a new economic zone near Beijing, will play an important role in boosting the economy in the region around the capital, an official told Xinhua.

Xiongan New Area in Hebei Province will not only help with the ongoing drive to transfer “non-capital” functions out of Beijing, but also improve the business environment in Hebei and attract more talent and investment, said Zhang Junkuo, deputy director with the Development Research Center of the State Council.

After the educational, scientific and technological resources currently concentrated in Beijing flow into the region, the investment environment in Hebei will improve substantially, said Zhang, who is also a member of the expert committee advising the coordinated development of the Beijing-Tianjin-Hebei region (Jing-Jin-Ji).

High standard must be present across the whole Xiongan New Area project, and more support policies are needed to better integrate the capital with its surrounding areas.

China announced plans to create Xiongan New Area on Saturday, which authorities described as a “major historic and strategic choice” that would be “crucial for the millennium to come.”

The new area, some 100 kilometers southwest of downtown Beijing, is designed to advance coordinated development in the Jing-Jin-Ji region and cure “urban ills” such as traffic congestion and air pollution in the capital.

The three counties that the new area covers reported a combined GDP of about 20 billion yuan (2.94 billion U.S. dollars) last year, less than 1 percent of Beijing's economic output.

The new area will create a favorable environment for innovation and attract innovative talent and teams to benefit the industrial upgrade in Hebei Province and its innovative development, said Zhang.

Meanwhile, the new area will also promote the ecological protection of the surrounding area and improve people's well-being, Zhang said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 26 2017 18:49:36

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 26 2017 18:49:36

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 26 2017 18:49:36

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords